QuickBooks QuickTip #6: Using Sub-Accounts Properly When Entering Transactions

Posted by: Carol – Post date: May 5th, 2011

The other day one of my online accounting services clients pulled up a Profit and Loss statement in QuickBooks and noticed a new account listed:

Insurance
Disability
Liability
Insurance – Other

She wanted to know: what was Insurance – Other? (more…)

QuickBooks QuickTip #5: The Power of Voided Checks

Posted by: Carol – Post date: May 2nd, 2011

Everyone ends up having to void a check that has already been written or printed. Many people just destroy the physical check. But make sure the check is recorded in QuickBooks and then voided.

This ensures that time is not wasted determining whether a check is missing because it was torn up. No surprises either from checks that suddenly clear when you thought they were destroyed.

I tell clients at my online accounting services: Maintaining a record in QuickBooks of all checks in numerical sequence is important because it eliminates guesswork and provides a clear record. (more…)

Online Accounting Services and Making Sound Business Decisions

Posted by: Carol – Post date: April 26th, 2011

Risk is a huge component of business decision-making. A large part of what makes decision making risky is our inability to perfectly forecast the future.

“Forecasting is both an art and a science. Let’s look at an example.” (more…)

QuickBooks QuickTip #4: Ensuring Checks Are in the Print Queue

Posted by: Carol – Post date: March 3rd, 2011

QuickBooks allows the user to print checks directly from the program using the File/Print Forms menu. Sometimes a user will enter checks only to find they are not in the queue. What happened? The checks may not have be properly tagged for printing. The surest way to fix the problem is to open each transaction from the register and check off the “To Print” box. (more…)

Online Accounting Services: Helping to Awaken Your Riches

Posted by: Carol – Post date: January 25th, 2011

An exciting part of having an online accounting service is how it lets me reach out to clients I normally would never meet because of geographic constraints. One such client is a new movie production company. My client has just released a documentary about the unique gifts that each of us brings to life. (more…)

QuickBooks QuickTip #3: Automatically Fill in a Check When you Type the Payee Name

Posted by: Carol – Post date: January 21st, 2011

Entering multiple checks in QuickBooks can be time consuming. Selecting the expense account for each check entered and typing in the same billing information in the memo line makes the process even longer. What if your checks could automatically fill themselves in after you input the payee? QuickBooks has a nifty feature that automatically recalls the last transaction for a particular payee. All you have to do is change the amount (if necessary) and hit Enter. (more…)

“Going Virtual”: The Power of Using Online Accounting Services to Manage Your Business

Posted by: Carol – Post date: January 18th, 2011

Online or “virtual” accounting services use the Internet and other related technologies to provide critical business support. As a small business owner, online accounting services can help you better manage your business.

“So who would benefit from this? Let’s find out.” (more…)

QuickBooks QuickTip #2: Simplify Your Quickbooks Account Register Display

Posted by: Carol – Post date: January 12th, 2011

When you open up an account register, QuickBooks defaults to a 2-line display for each transaction. A compact 1-line display is available that provides most of the same information and makes the account register much easier to read. (more…)

The Law of Attraction and Management Styles

Posted by: Carol – Post date: January 9th, 2011

The Law of Attraction states that what we create in our life is a direct result of our vibration. Our vibration in turn is the sum total effect of our fundamental beliefs and the resulting thoughts and emotions arising from them – both conscious and unconscious. As entrepreneurs, the successful management of our business is directly affected by our mastery of the Law of Attraction. This holds true even when management styles vastly differ. (more…)

QuickBooks QuickTip #1: Use Color to Recognize and Organize QuickBooks Account Registers

Posted by: Carol – Post date: December 14th, 2010

Do you have more than one checking, savings or credit card account set up in QuickBooks? If you do, try customizing each account register with a different background color. You will avoid the potential frustration of spending time entering transactions into one account register, only to discover that they were meant for another. (more…)

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